Friday, September 22, 2023 9:03:57 AM
TotalEnergies is expected to lay out the potential for its oil discoveries in Namibia at an investor day next week as the French energy firm continues to bet on oil and gas to boost profits while also growing its low-carbon business. The group said this month it is considering a $9 billion oil and gas project in Suriname. Analysts are now keen to hear more about its recent exploration activity offshore Namibia - which has no oil and gas output now but could become one of the top 15 oil producers by 2035.
"Namibia could become the largest ever deep-offshore discovery for TotalEnergies, potentially surpassing Block 17 in Angola - the last "golden" block of TotalEnergies," Kepler Cheuvreux analyst Bertrand Hodée said. He estimates that two new blocks in Namibia, where Shell has also announced offshore oil and gas discoveries, could hold 4 billion barrels of reserves. That would take the total at the Venus field to 12 billion barrels, with a potential value of $4.1 billion for the French group.
Another 4 billion barrel find nearby Pancon. Now we just need WDS to exercise its option and start drilling. Can you imagine our share price if we start announcing multi-billion barrel discoveries?
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM